Trading not for everyone! - page 10.

Sexylizzy2813

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Quote from: terrific on September 14, 2023, 06:09:59 PM

It is a risky job if you treat it as your main job. There are real life traders and they know that doing this as their main source is hard.
But with experience that they've gathered all over these years, the risk seems to be cute to them anymore because of that built up that they've gone through.
I agree that for newbies, it's best for them to stay as holder first before they commit into a real life day trader. They also have an option to remain investors and holders.

Everything in life is all about risk like I always say, is best you take it or leave it. Those who take risk I see them as those who wants to make it in life so in trading if you're scared of taking risk I don't see you making any profit, instead you'd be stock at a place like a stagnant water, no progress.
Those who are deep into trading are never afraid of the negative aspect of trading is like they expect the bad side of it more than they expect the positive side of it, so taking risk is not new to them I mean real traders, so if you don't have the guts is best you learn from those who knows more than you in the business.

TelolettOm

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Quote from: kingvirtus09 on September 17, 2023, 06:33:01 AM

It is true that trading is not for everyone, but not everyone wants to do it either. There are people who like trading but trading don't them. But there are also people who don't like trading, but they don't know that trading is for them. What does that mean?

For example, in my experience here in cryptocurrency, I don't want to understand or trade in this industry; I just want to have knowledge about the matter. But because I had the desire to get an income here, I found out that it can be an opportunity for that kind of thing. So I also saw that trading is the main way to get that, so what I did was find out what I should know and learn, and until now I'm still studying as I apply little by little what I learn and discover on the actual trading platform.

Each person is probably interested in trading because we can earn faster profits in trading. People even can earn profit every day if they do daily trade. Meanwhile an investment takes a longer time to take profits, it can be some months or years. So, I am a bit doubtful if there is a person who doesn't like trading.

In your case, you may not start trading because you are still learning everything about trading. You probably wants to know well first before you do trading. Moreover, you have a desire to earn income from trading, it means you are clearly interested to do trading. It is only about time, you will trade crypto coins sooner or later.

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Quote from: Altryist on September 18, 2023, 11:00:12 AM

Quote from: AakZaki on September 16, 2023, 04:00:18 PM

Taking and understanding every risk must be done, because that is one way to success in any business. Have a mindset about how to do things well and don't really want a job to always be fast, because everything requires a process. Trading requires a process of learning how to understand the basics, how to understand market conditions and understand ourselves.

Trading requires very extensive knowledge and just knowing the basics will not be enough, I would say that trading is an activity that requires constant learning and the ability to analyze the current situation on the market as a whole and separately for each coin that you want to trade. This is a very difficult activity and it’s definitely not for everyone. I believe that you can get good results in trading, but only a few can become truly successful traders.

Never ending learning process, as traders will continue to find ways to make some edge against one another, you need to adopt that kind
of a system for you to succeed from this venue of investment.

There are many factors that affect this kind of investment. It's more on good decision making and has that capability to adjust whenever
it's needed to your to adjust.

If you don't have that kind of patience, better to think twice before jumping to this investment.

Nrcewker

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Quote from: JohnBitCo on September 16, 2023, 04:52:28 AM

Of course, trading is not for everyone because some people don't know, how to do trading and they don't want to learn trading. If you can understand the meanings of trading so trading is the best way to make money for you. If you cannot understand the meaning of trading then trading is not for you.

Understand the meaning? No dude. For trading you need serious knowledge about the markets and the coins. Here in trading real and hard earned money is invested. So without knowing anything about the market or without having knowledge on trading, it’s very risky to trade and make profits. If you are a beginner, then educate yourself first about trading and after feeling confident then only deposit real money and trade.

Altryist

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Quote from: AakZaki on September 16, 2023, 04:00:18 PM

Taking and understanding every risk must be done, because that is one way to success in any business. Have a mindset about how to do things well and don't really want a job to always be fast, because everything requires a process. Trading requires a process of learning how to understand the basics, how to understand market conditions and understand ourselves.

Trading requires very extensive knowledge and just knowing the basics will not be enough, I would say that trading is an activity that requires constant learning and the ability to analyze the current situation on the market as a whole and separately for each coin that you want to trade. This is a very difficult activity and it’s definitely not for everyone. I believe that you can get good results in trading, but only a few can become truly successful traders.

savetheFORUM

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Quote from: JohnBitCo on September 16, 2023, 04:52:28 AM

Of course, trading is not for everyone because some people don't know, how to do trading and they don't want to learn trading. If you can understand the meanings of trading so trading is the best way to make money for you. If you cannot understand the meaning of trading then trading is not for you.

How can a person expect to enter a financial market and earn money if they are not ready to learn about it in the first place? It is not rocket science, almost every single individual can easily learn how cryptocurrency trading is done if they show some interest and dedication, and when you want to earn money and make investments, you will need to bring that dedication in you so that you don't have to ask others about everything and don't be able to do it yourself.

However, someone who doesn't have any interest and doesn't even know what trading is and also has no interest in investing their money and earning some money on top of it, are the kind of people for whom we can say that they are actually not suitable for trading and trading isn't for them.

Ricardo11

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Trading is not easy, if you want to earn from trading you need to have enough knowledge about trading. 85 to 90% of traders lose their money in trading, only 10 to 15 percent people make money from trading. These traders have personal trading strategies and additional knowledge and experience about trading. Which is not among the rest of the traders, so they fail to make money from trading. In my opinion they are just buy and hold. And always have to do research on trading, it will benefit them a lot.

kingvirtus09

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It is true that trading is not for everyone, but not everyone wants to do it either. There are people who like trading but trading don't them. But there are also people who don't like trading, but they don't know that trading is for them. What does that mean?

For example, in my experience here in cryptocurrency, I don't want to understand or trade in this industry; I just want to have knowledge about the matter. But because I had the desire to get an income here, I found out that it can be an opportunity for that kind of thing. So I also saw that trading is the main way to get that, so what I did was find out what I should know and learn, and until now I'm still studying as I apply little by little what I learn and discover on the actual trading platform.

BabyBandit

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Quote from: letteredhub on August 24, 2023, 05:12:28 PM

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

Trading is for sure for everyone if them like, no kid learned to read first day in school, it takes time likes everything. Just give it a honest try and ignore the "pros" that think they are best because they have traded for one year and make 20 dollars out of their 100 dollar. Grin

TelolettOm

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Quote from: JohnBitCo on September 16, 2023, 04:52:28 AM

Of course, trading is not for everyone because some people don't know, how to do trading and they don't want to learn trading.

It is not the main reason, people can easily know trading by googling. There are many sources explaining briefly about trading. What makes it difficult is about the strategy and controlling emotion. It is not easy to know which strategy that fits with the market trends and our nature. Many people just follow other people strategies, sadly many people failed do this because it is not suitable with their nature. Everyone has their own style/nature in trading, never assume a single strategy can work for all people. In addition, controlling emotion sometimes becomes a serious problem. When we can't control emotion, we probably trade with no clear plan and carelessly decide anything.

Quote from: JohnBitCo on September 16, 2023, 04:52:28 AM

If you can understand the meanings of trading so trading is the best way to make money for you. If you cannot understand the meaning of trading then trading is not for you.

The success in trading isn't determined by how good you understand the meaning. But the success will be determined by how effective your strategy in trading and how good your mentality.

AakZaki

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Quote from: carlisle1 on September 12, 2023, 07:16:56 AM

That last statement values the most. Having good analytical skills and being keen on learning more will give you opportunities to earn from
this venue of investment, not for all but with your determination, your chance will be good.

It's more about how you take the risk and how good you are in understanding every situation that the business will bring you.

Not for someone who got the kind of mindset that it's a quick way to earn money and it will change your life if luck permits.

Taking and understanding every risk must be done, because that is one way to success in any business. Have a mindset about how to do things well and don't really want a job to always be fast, because everything requires a process. Trading requires a process of learning how to understand the basics, how to understand market conditions and understand ourselves.

cute nmp

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Most people think trading is very easy and can be done by anybody ,Its only after losing lots of money that they realized the truth about it. Trading is not that simple and can take a very long period of time for one to become a profitable trader that can maintain consistency in any market condition. It requires continuous learning and dedication for anyone to become a successful trader.

JunaidAzizi

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Quote from: letteredhub on August 24, 2023, 05:12:28 PM

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

Trading is something that not everyone can do it. some person thinks that trading is just a loss of money and some says that trading makes you quickly rich and I think they both are wrong. Trading is like a process that involves patience and experience through which a person can succeed.

I suggested to the newbie to not listen to the above-mentioned category persons always trust in your self abilities always be patient and avoid anger while trading. Trade only when you have some extra money that is not used for your expenses.

Gain more knowledge about trading and for the first time, I preferred to Use DCA methods which will minimize your loss and always do less trading at the beginning. And if have not a good strategy then invest your money in Bitcoin and hold it for the bull season which will give you more profit.

|MINER|

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I agree with you.Trading is not for everyone those who don't have enough knowledge about trading should stay away from trading. But you can be a good holder if you want. There is a bull run coming up you can hold bitcoin and hope you don't get disappointed during the bull run. Before you need to gain enough knowledge about bitcoin forums. You need to know, understand and then think about trading. Rather than losing everything by trading, it is important to follow the right path and survive in the forum.

Dickiy

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Quote from: JohnBitCo on September 16, 2023, 04:52:28 AM

Of course, trading is not for everyone because some people don't know, how to do trading and they don't want to learn trading. If you can understand the meanings of trading so trading is the best way to make money for you. If you cannot understand the meaning of trading then trading is not for you.

Yes I quite agree with your statement which is simple but easy to understand, and yes it's true but I think it's not about them not knowing how to trade but I think it's more about whether or not the person is interested in this field. Because there is nothing impossible to understand trading if indeed they are interested and willing to learn, everyone can if they have strong intentions and determination but not everyone is interested in this profession. They can come because of motivation from some sources they find and also they can leave because of some losses that they think it does not make any positive impact on their lives including to increase their income, and I would say for people like this that he is nothing more than a coward who has a weak mentality.

Let's discuss, in my opinion trading is not a place for you to make a full-time income because maybe you also understand that there is a big risk that you can experience there, so maybe it's more like trading is just your part-time job to increase your income a little more with a very good plan that you have, and still you should not leave your main job because the results of trading will not always be in your favor.

JohnBitCo

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Of course, trading is not for everyone because some people don't know, how to do trading and they don't want to learn trading. If you can understand the meanings of trading so trading is the best way to make money for you. If you cannot understand the meaning of trading then trading is not for you.

kawetsriyanto

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Quote from: terrific on September 14, 2023, 06:09:59 PM

It is a risky job if you treat it as your main job. There are real life traders and they know that doing this as their main source is hard.
But with experience that they've gathered all over these years, the risk seems to be cute to them anymore because of that built up that they've gone through.

There is no job has no risk. If trading is a risky job, it doesn't mean people can't make it as a main job. However, no guarantee for the success everyday in trading. We may get profits today but we may experience loses tomorrow or in another day. So, we can't expect to always earning money everyday. Even professional traders or experienced traders, may experience losses as well. That's why we can't make it as our single job because no guarantee for profits constantly.

Quote from: terrific on September 14, 2023, 06:09:59 PM

I agree that for newbies, it's best for them to stay as holder first before they commit into a real life day trader. They also have an option to remain investors and holders.

There is no problem if newbies want to try trading, but they are better to use small money. Newbies must focus on learning first before they use bigger funds. Not all newbies want to hold crypto coins only, some of them want to trade the coins. However, I agree that knowledge and experience are needed to ensure the newbies to trade in the right way. So, before starting the trading journey, the newbies must have enough knowledge and experience firstly.

edy_58

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Quote from: terrific on September 14, 2023, 06:09:59 PM

Quote from: JunaidAzizi on September 12, 2023, 02:34:35 PM

Crypto trading is risky work you will ever do In my view you have to take steps very carefully and wisely. If you are a newbie and want to invest and you have no experience we suggest that you follow the path by buying and then holding for the correct time. You have no care of market fluctuation either it's up or down you just leave your fund for some time. Another is to use DCA in which the risk of losing your assets is very low and you can add funds on a weekly or monthly basis and then wait for the bull market, When it comes then sell your assets it will give you more profits.

It is a risky job if you treat it as your main job. There are real life traders and they know that doing this as their main source is hard.
But with experience that they've gathered all over these years, the risk seems to be cute to them anymore because of that built up that they've gone through.
I agree that for newbies, it's best for them to stay as holder first before they commit into a real life day trader. They also have an option to remain investors and holders.

In every job, of course there is a different level of risk, as well as the results, if in our job there is a big risk, we will certainly get a big profit too, but if we don't understand what we are going to do in a high risk job, we will obviously get a loss very large. For beginners, there are many things that must be learned to be able to face work that has high risks continue learning and asking questions from those who are experts in this field so that we can gain profits in trading.

Dickiy

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Quote from: OrangeII on September 15, 2023, 02:50:25 AM

Quote from: terrific on September 14, 2023, 06:09:59 PM

It is a risky job if you treat it as your main job. There are real life traders and they know that doing this as their main source is hard.
But with experience that they've gathered all over these years, the risk seems to be cute to them anymore because of that built up that they've gone through.
I agree that for newbies, it's best for them to stay as holder first before they commit into a real life day trader. They also have an option to remain investors and holders.

However, we are all aware that this job is a very risky job, and we need income from elsewhere to keep us on a steady income. Trading does have great potential to increase our finances, but the opposite also applies. Because of this, there is a lot of advice from people who have been in trading for a long time such as using money that doesn't change our lives when it is lost, or this is work with a high level of patience, or this work is done by conducting analysis and a deep level of research. . Very many people who don't meet the requirements try it and fail. therefore, this job is not for everyone.

Well it is indeed clear that trading is very risky, maybe you come because of the big profits or you come after seeing some people around you get a big profit from this trading, it's not wrong if you want to try to get into this field but it's true as you said it doesn't mean that when you come you will immediately be able to get a big profit, if you come only focused on profit and without science I'm sure the situation will reverse, I mean not the profit you will get but instead a possible big loss. So yes, we must know and realize that every time there is a big profit, there will also be a very big risk in it. I agree, and indeed this trading is only limited to activities or professions outside your working hours, trading is a part-time job that you can choose, or maybe more precisely this can be useful to increase your finances if indeed you can get consistent results here. So it means that it is safer for you not to make this trading activity your profession or main job to earn income, because obviously as I said above there is a huge risk that could happen to you.

Well that's right guys, it's better to use money that you wouldn't mind if it eventually disappeared, so that you remain calm in trading and also so that you don't experience pressure.

Fuso.hp

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Quote from: rojan on September 11, 2023, 01:36:27 AM

Quote from: usekevin on September 09, 2023, 11:46:17 AM

Crypto trading need of huge patience in the trade,their may be huge fall in the crypto price.The fall favour all the good or bad coin in a same way in the bear market.If you are not ready to hold at the bear market,you can quit trading now.No need to worry about the bear market,every thing can be recovered in the short period.if the trader had enough money,he can initially do the passive trading.Then analysis the market movement for the period of six months.If the market is fully analysed by the trader,he can rule the next six month of trading.

To do crypto trading we need to have a good idea about the crypto market. Crypto market is in a lot of dumping now. Now we should invest in all altcoins including bitcoin. But if we can invest in some good coin for long term it is very profitable for us. But while trading, we always have to be patient and understand the market condition, then we have to buy the coins and sell the coins at the right time.

At the moment the Bitcoin market is heavily dumping which has affected other coins in the crypto market. Since the market has been in a downward trend for a long time, it is definitely a good plan to invest in other coins including Bitcoin at this time. There are some other coins including Bitcoin in which long-term investment is possible to achieve good things in the future, long-term investment in Bitcoin as well as trading in various ALT coins by understanding the market, if the trading is done correctly, then surely an investor can profit from this market. However, no matter what trading or investment we do, we must have sufficient understanding about this before, in addition to having sufficient understanding, a trader or investor must take financial risks and be patient, only then can success be achieved by trading or investing.

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